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Politics : High Tolerance Plasticity -- Ignore unavailable to you. Want to Upgrade?

To: energyplay who wrote (8443)	9/21/2001 2:27:16 PM
From: The Ox	Respond to of 23153

FWIW dept. 8 days ago an employee of mine applied for a 401K loan and we hadn't heard back from the company. Today we were told that there are so many loans being processed that they won't be able to cut a check for at least another 4 or 5 business days. Normal turn around is about 4 business days from the date of application. I imagine there are a lot of people cashing in their 401K plans (those who are eligible to do so), or at least moving from funds to money markets/fixed income options. No doubt MF funds are being hit VERY hard after this week's action! I also wonder if the company is telling the truth about the # of loans, or if they are having cash flow troubles and just aren't cutting any checks at this stage...hmmmm..... Michael@istheskyfallingorisitjust.me